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Featured local agent — Summit, AZ
Sarah Mitchell
Compass Real Estate · Summit, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Summit, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$292,500median sale price
How is the Summit, AZ housing market right now?
The median home sale price in Summit, AZ is $292,500, down 11.8% year-over-year. Homes sell in an average of 83 days with 4 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Summit a buyer's or seller's market?
Summit, AZ is currently a balanced market, based on 2.0 months of supply and homes selling in about 83 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
83
Average pace
Active listings
4
2.0 months supply
Sale-to-list
99.2%
Below asking
What does the Summit housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $292,500 |
| Median list price | $440,000 |
| Year-over-year price change | -11.8% |
| Average days on market | 83 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $214/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Summit by property type?
How the Summit, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $292,500 | $214/sq ft | 2 | 83 days |
Source: Redfin · Updated monthly
The Summit housing market is currently classified as a balanced market with a median sale price of $292,500. Prices have fallen 11.8% compared to last year, with homes spending an average of 83 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Summit
There are currently 4 homes listed for sale in Summit, Arizona. The median listing price is $440K.
Active listings
4
Homes on market
Median list price
$440K
Avg. days on market
83
Days until sale
New this week
1
Newly listed
Who lives in Summit?
Population
4,410
Median income
$43,484/yr
Median age
42.2 years
Owner-occupied
68.1%
College grads
5.0%
Avg commute
28.6 min
Source: U.S. Census Bureau ACS
What is it like to live in Summit?
Summit is a community of approximately 4K residents with a median age of 42.2 years.The median household income is $43,484, which represents a working-class community with solid middle-income opportunities. 5.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Summit offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Summit, AZ?
Want a head-to-head view? Compare Summit side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Summit?
The median home sale price in Summit is $292,500, down 11.8% from last year.
How long do homes stay on market in Summit?
Homes typically spend 83 days on market before going under contract.
What is the median income in Summit?
The median household income is $43,484 per year.
Is Summit a buyer's or seller's market?
With 2.0 months of supply, Summit is currently a balanced market.
How much does a single-family home cost in Summit?
The median single-family home price in Summit, AZ is $292,500 (about $214 per square foot).
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